Differences
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sgwiki:cpf [2023/03/14 06:35] – ying | sgwiki:cpf [2023/03/14 06:42] (current) – ying | ||
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* as low-risk investment, as CPF give you interest | * as low-risk investment, as CPF give you interest | ||
- | **Final conclusion** | + | **Final conclusion |
* if you are under 55, | * if you are under 55, | ||
* every year, you will have to contribute to CPF upto 37,740sgd (based on current CPF rate) | * every year, you will have to contribute to CPF upto 37,740sgd (based on current CPF rate) | ||
* if you are beyond 55, and reached total cpf saving of 186000 SGD (current rate for 2023) | * if you are beyond 55, and reached total cpf saving of 186000 SGD (current rate for 2023) | ||
* you can stop contribute your part to CPF, while your employers still have to contribute their share | * you can stop contribute your part to CPF, while your employers still have to contribute their share | ||
+ | **Final conclusion on withdraw part** | ||
+ | * if you are beyond 55, | ||
+ | * you can finally withdraw the Excess Amount above < Full Retirement Sum (FRS) 186000 SGD (current rate for 2023) > | ||
+ | * but you can't withdraw RA saving | ||
+ | * if you are beyond 65, | ||
+ | * you can start withdraw RA saving. |